AVP Fund Accounting Financial Control AIF/PMS

Intellectual Capital Hr Consulting; Mumbai; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

Intellectual Capital Hr Consulting seeks a CA-qualified AVP to own fund accounting, NAV computation and financial control across PMS and AIF schemes. Reporting to the COO, the role ensures accuracy and timeliness of books, NAV and regulatory filings across multiple funds.

The role acts as the technical authority on fund accounting within the platform and leads one junior analyst, collaborating with Fund Operations on reconcilations and investor reporting.

Qualifications

• CA qualification mandatory; experience in AIF/PMS preferred.
• Experience with SEBI AIF and PMS regulations.
• Strong understanding of fund accounting and regulatory reporting.

Responsibilities

• Own end-to-end fund accounting for PMS and AIF schemes across Category I, II and III.
• Review and sign off NAV computation, unit capital, expense accruals, income recognition and portfolio valuation.
• Maintain scheme books, capital accounts and distribution waterfalls with full audit trail.

Skills

Fund accounting

NAV computation

Investor reporting

Regulatory reporting

Audit coordination

Team leadership

Education

Chartered Accountant (CA)

CFA / MBA (Finance)

Tools

Excel

Google Sheets

Job description

Role & responsibilities

hiring a CA-qualified AVP to own fund accounting, NAV computation and financial control across its Portfolio Management Services and Alternative Investment Fund schemes. Reporting to the Chief Operating Officer, the incumbent is accountable for the accuracy and timeliness of scheme books, NAV, financial statements and regulatory reporting across multiple funds running simultaneously.

The role is the technical authority on fund accounting within the platform and carries one junior direct report. Investor onboarding, KYC and client servicing sit with a separate Fund Operations team; this role partners closely with that function on reconciliations and investor-level reporting.

KEY RESPONSIBILITIES

1. Fund Accounting & NAV

Own end-to-end fund accounting for PMS and AIF schemes across Category I, Category II and Category III structures.

Review and sign off NAV computation, unit capital, expense accruals, income recognition and portfolio valuation.

Ensure accurate accounting for investments, corporate actions, accrued income, management fees, carried interest and hurdle / catch-up computations.

Maintain scheme-wise books of account, capital accounts and distribution waterfalls with full audit trail.

2. Financial Control & Reporting

Review and finalise scheme financial statements in line with applicable accounting standards and SEBI reporting requirements.

Design and enforce the financial control framework maker–checker, reconciliation controls, cut‑off discipline and month‑end close calendar.

Manage scheme‑level cash flows, expense control, TER monitoring and investment accounting across multiple schemes.

Prepare management MIS on fund performance, expense ratios, fee accruals and profitability for the COO and leadership.

3. Audit, Statutory & Regulatory

Own the statutory and internal audit cycle for all schemes — lead auditor interaction and close observations to resolution.

Liaise with statutory auditors, custodians, fund accountants, registrars, trustees and tax advisors.

Ensure timely periodic filings with SEBI, custodians and other regulatory authorities, with complete supporting documentation.

Manage direct and indirect tax matters at scheme level, including withholding tax, Form 64C/64D issuance and GST implications.

4. Process Improvement & Automation

Lead implementation and optimisation of best‑in‑class fund accounting systems.

Automate NAV packs, reconciliations and reporting through Excel, Google Sheets and platform‑based workflows.

Establish SOPs, checklists and control mechanisms to institutionalise process discipline as the platform scales.

5. Team Leadership

Supervise, train and review the work of the Fund Accounting Analyst / Manager reporting into this role.

Build technical depth in the team on AIF accounting, valuation and regulatory reporting.

KEY SKILLS REQUIRED

Deep working knowledge of SEBI AIF and PMS Regulations, fund structures, valuation norms and compliance requirements.

Advanced expertise in fund accounting, NAV computation, reconciliation, investor reporting and financial control.

Strong command of applicable accounting standards and scheme‑level financial statement preparation.

Proficiency in fund accounting software, advanced Excel, Google Sheets and automation tools.

Proven track record of handling statutory audits, regulatory filings and investor‑level reporting.

Excellent analytical and problem‑solving skills, with the ability to work across operations, compliance and investment teams.

PREFERRED BACKGROUND

Mandatory experience within an AIF environment — AIF fund house, asset management firm, investment advisory or fund accounting firm servicing AIFs.

Demonstrated track record of managing multiple funds simultaneously.

Exposure to both domestic and offshore fund structures will be an added advantage.

EDUCATIONAL QUALIFICATIONS

Chartered Accountant (CA) — mandatory. Additional CFA / MBA (Finance) will be an advantage.